"The story is told that after he had been deported to Italy, Lucky Luciano granted an interview in which he described a visit to the floor of the New York Stock Exchange. When the operations of floor specialists had been explained to him, he said, 'A terrible thing happened. I realized I'd joined the wrong mob'" (1Ney, 8). It was with these words that Richard Ney began his first of three books on the nature of the New York Stock Exchange. Ney wrote over 50 years ago, a time when a 750 Dow was high and today's volumes were beyond imagining. The main premise of his books is still true: that the specialist exists not to ensure the free and orderly trade of stock in a particular company, but to fatten upon the innocence and ignorance of the small investor. The New York Stock Exchange is not an auction market (2Ney, 86), though many investors still hold onto that image. It is a rigged market. Volume is an effect of price. Prices are controlled absolutely by the specialists, the 'market makers' in individual stocks. It was this discovery that led Mr. Ney to eventually give us small investors a priceless gift: enlightenment. MORE INFORMATION AT: http://w3.tribcsp.com/~fredj/ney.html http://en.wikipedia.org/wiki/Richard_Ney http://www.hermes-press.com/neyint.htm
LIFTING THE FOG ON THE FINANCIAL MARKETS Today Gavin Holmes stepped into the boots of Wyckoff, Ney and other traders now departed that want you to hear the truth, and this webinar was over subscribed and with the news that Goldman Sachs have a software program capable of market manipulation the trader and investor who have had thier butt's handed to them on a plate wanted answers, and they got them!!! Over 2000 Traders and Investors Found The Truth Today - See For Yourself From The Archive Recording That Is Being Viewed From All Over The World: Click Link Below To View Archive: http://www.tradeguider.com/gavin_webinar_files/liftthefog.wmv We wish You All Good Trading and remember if you want to see all our archived events including Tom's video refferred to in the archive you can join the VSA Club FREE until August 7th, so don't miss out on this valuable education that could make the difference in your trading and investing. Details are available from the front page of: www.vsaclub.com The Truth Is Out There!! Your Mind Is Like A Parachute - Best Used When It Is Open!!
